CFO OXY
Michael Jager FIN 3010 Online May 13, 2012
Company CFO Evaluation: Occidental Petroleum
Table of Contents
Abstract………………………………………………………………………………………….3
Background……………………………………………………………………………………...4
Immediate/Near term strategy………………………………………………………………...4
Intermediate/Long term strategy (SWOT)…………………………………………………...6 Strengths………………………………………………………………………………...7 Weaknesses……………………………………………………………………………..8 Opportunities…………………………………………………………………………….9 Threats………………………………………………………………………………….10
Additional external forces……………………………………………………………………..11 Demographic…………………………………………………………………………...11 Sociocultural……………………………………………………………………………12 Political/Legal…………………………………………………………………………..13 Technological…………………………………………………………………………..13 Economic……………………………………………………………………………….15 Global…………………………………………………………………………………...15
Financial Analysis……………………………………………………………………………...16 Recommendations………………………………………………………………………….…17
References……………………………………………………………………………………..18
Appendix………………………………………………………………………………………..21
Abstract Occidental Petroleum is a California based oil and gas exploration and production company with operations in the United States, the Middle East, North Africa and South America. Its headquarters are in Westwood, Los Angeles. (Wikipedia, Para 1, 2012) In this paper I will hypothesize how OXY has grown the business and answer the questions a CFO should answer to run the business and take that business to the next level.
I will attempt to be fair toward the company 's role in society and also while doing this look through with the eyes of a CFO. How will he attempt to ward off competitors, the government and an often angry media (rightly so at times)? How will he attempt to move in the future when it looks as though it will take a major paradigm shift? How will he balance day to day financial concerns with the vision of tomorrow? This is what I will intend to convey to the
Company CFO Evaluation: Occidental Petroleum
Table of Contents
Abstract………………………………………………………………………………………….3
Background……………………………………………………………………………………...4
Immediate/Near term strategy………………………………………………………………...4
Intermediate/Long term strategy (SWOT)…………………………………………………...6 Strengths………………………………………………………………………………...7 Weaknesses……………………………………………………………………………..8 Opportunities…………………………………………………………………………….9 Threats………………………………………………………………………………….10
Additional external forces……………………………………………………………………..11 Demographic…………………………………………………………………………...11 Sociocultural……………………………………………………………………………12 Political/Legal…………………………………………………………………………..13 Technological…………………………………………………………………………..13 Economic……………………………………………………………………………….15 Global…………………………………………………………………………………...15
Financial Analysis……………………………………………………………………………...16 Recommendations………………………………………………………………………….…17
References……………………………………………………………………………………..18
Appendix………………………………………………………………………………………..21
Abstract Occidental Petroleum is a California based oil and gas exploration and production company with operations in the United States, the Middle East, North Africa and South America. Its headquarters are in Westwood, Los Angeles. (Wikipedia, Para 1, 2012) In this paper I will hypothesize how OXY has grown the business and answer the questions a CFO should answer to run the business and take that business to the next level.
I will attempt to be fair toward the company 's role in society and also while doing this look through with the eyes of a CFO. How will he attempt to ward off competitors, the government and an often angry media (rightly so at times)? How will he attempt to move in the future when it looks as though it will take a major paradigm shift? How will he balance day to day financial concerns with the vision of tomorrow? This is what I will intend to convey to the
References: Occidental Petroleum Website. Retrieved April 2, 2012 from the World Wide Web http://www.oxy.com/Pages/Home.aspx Occidental Petroleum Earnings, Call Nuggets: Gas Plant Buybacks. Retrieved April 26, 2012 from the World Wide Web http://wallstcheatsheet.com/stocks/occidental-petroleum-earnings-call-nuggets-gas-plant-buybacks.html/ Occidental Petroleum social responsibility report. Retrieved April 23, 2012 from the World Wide Web. http://www.socialfunds.com/shared/reports/1242061925_Occidental_2008_Soc_Resp_Report.pdf Occidental Petroleum Wiki. Retrieved April 2, 2012 from the World Wide Web http://en.wikipedia.org/wiki/Occidental_Petroleum Occidental Petroleum 1Q Profit increases slightly. Retrieved April 26, 2012 from the World Wide Web. http://www.cbsnews.com/8301-505245_162-57421938/occidental-petroleum-1q-profit-increases-slightly/?tag=mncol;lst;1 Occidental Petroleum boosts dividend 17pct.Retrieved April 23, 2012 from the World Wide Web. http://www.cbsnews.com/8301-505245_162-57374154/occidental-petroleum-boosts-dividend-17-pct/?tag=mncol;lst;3 Fitch raises Occidental Petroleum’s Credit Outlook to Positive: Retrieved April 23, 2012 from the World Wide Web. http://online.wsj.com/article/BT-CO-20120425-718065.html Occidental Profit Rises on California, Texas Output Gain: Retrieved April 26, 2012 from the World Wide Web. http://www.bloomberg.com/news/2012-04-26/occidental-profit-rises-on-california-texas-output-gain.html Occidental Petroleum: Retrieved April 26, 2012 from the World Wide Web. http://www.wikinvest.com/stock/Occidental_Petroleum_(OXY) Forbes Earnings Preview: Occidental Petroleum: Retrieved April 26, 2012 from the World Wide Web. http://www.forbes.com/sites/narrativescience/2012/04/23/forbes-earnings-preview-occidental-petroleum-3/ Occidental Petroleum: Retrieved April 23, 2012 from the World Wide Web. http://www.businessinsider.com/blackboard/occidental-petroleum Copper Basin Project: Retrieved April 23, 2012 from the World Wide Web. http://glennsprings-copperbasinproject.com Driving Biofuel option: Retrieved April 26, 2012 from the World Wide Web. http://insight.kellogg.northwestern.edu/index.php/Kellogg/article/driving_biofuel_adoption/ Running on (almost) empty: Retrieved April 23, 2012 from the World Wide Web Appendix (A3) Figure 4.OXY SWOT analysis created with Edraw by author on April 26, 2012.